I wouldn’t have called out the buyers quite so quick, but now I’m bullish on buying. Why now ? Here’s a couple Detroit area articles showing recent price movements.
BTW, nationally, the big increases are right now happening in the areas that took the biggest hits….no surprise in that, to wit: Miami, Detroit, Arizona, LasVegas…etc.
- Home prices rise in Michigan, across U.S. in September over 2011 levels 9/2012
Hot Foreclosure States
States with the largest % of savings based on September 2012 avg. sales price vs. avg. foreclosure sales price.
State Foreclosure Savings Kentucky 50% Massachusetts 48% Michigan 48% Connecticut 45% Illinois 45% Ohio 44%Select State:
Michigan Cities with the highest increase in quarterly average home sales prices based on the last two calendar quarters, updated Nov 2012.
City, State Avg. Home Sales Price Quarterly % Change Lansing, MI $70,417 37.05 % Otsego, MI $125,500 36.02 % Rockwood, MI $157,702 32.01 % Ecorse, MI $15,238 31.90 % Spring Lake, MI $174,808 31.41 % Eaton Rapids, MI $119,000 23.94 % Twin Lake, MI $105,474 21.64 % Milford, MI $255,177 21.16 % South Lyon, MI $237,061 20.25 % Davisburg, MI $237,600 18.72 %